japan airlines

The European Commission has accused some 13 airlines of collaborating to set cargo and security surcharges -- and to avoid paying commission on these surcharges to clients -- to reduce competition. Eleven of the airlines face a total of $1.1 billion in fines.

Japan Airlines plans to slash its workforce and reduce the number of planes in its fleet as part of its bankruptcy restructuring. The airline aims to eliminate more than 16,000 positions, BBC News reported. Some of these reductions will come through early retirement and the sale of subsidiaries....

American Airlines' parent company AMR Corp. posted a narrower fourth-quarter loss Wednesday, helped by lower fuel costs and increases in revenue from passenger fees, but results missed Wall Street's forecast.

Speaking to the media in Tokyo, AMR (AMR) CFO Tom Horton said that his company would work with the Japanese government to save carrier JAL. AMR and private equity team TPG are offering $1.1 billion toward a restructuring package designed to keep the airline flying, and to keep it within the...

Shares in Asia closed higher Friday as confidence that the Chinese government will continue to prop up its economy with massive economic stimulus measures returned. The Shanghai Composite Index climbed 1.9 percent to close at 3,108, the Hang Seng rose 1.7 percent to end the day at 22,590, and the...

In Hong Kong today the Hang Seng Index rose 1.2 percent to close at 22,200. In Japan the Nikkei Index shed 0.2 percent, ending the day at 10,237, and in China, the Shanghai Composite Index gained 2.1 percent finishing the trading session at 3,038. In Hong Kong, shares in Foxconn International...

In Asia today, Japan's Nikkei Index closed at 10, 258 – up 0.2 percent. Hong Kong's Hang Seng Index lost 0.3 percent, ending the day at 21,930, and China's Shanghai Composite Index fell 0.1 percent to 2,977. Japan's worst-performing stock was Japan Airlines Corp. (JALSY), which plunged 11...

Stock markets in Asia were mixed today with the Nikkei Index falling 0.2 percent to close at 10,060 -- its first drop in six days. In Hong Kong, the Hang Seng Index advanced 2 percent, ending the day at 21,886 and China's Shanghai Composite Index added 1.2 percent, rising to 2,971. Japan Airlines...

Officials at Japan Airlines (JALSY) aren't acknowledging rumors swirling about link-ups with other airlines that could infuse Asia's largest airline with some much-needed cash. But traders in Japan on Monday, evidently giddy over the prospect, sent shares soaring. Shares of JAL jumped 8 percent in...

It seems that nearly every large carrier in the world wants to own a piece of Japan Air (JAL). Delta (NYSE:DAL) and Air France-KLM have already been said to be talking to the Asian carrier. Now one of JAL's major traffic-sharing partners, American Airlines (NYSE:AMR), may be ready to invest what...